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Ontology Price Analysis 22 September


Ontology [ONT]

Chainlink, Cosmos, Ontology Price Analysis: 22 September

Source: ONT/USD on TradingView

After forming the Adam and Adam double top, highlighted by the cyan arrow, ONT was projected to drop to $0.66. ONT was trading at $0.63 at press time.

RSI showed a value of 28. A bullish divergence, highlighted by the white lines, was spotted. Price made lower lows while RSI made higher lows, suggesting a bounce was likely imminent.

Yet the overall outlook for the asset remains bearish, with the next level of support at $0.545.

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